A company's stock is selling for $108.30 per share at year-end. This current year it paid shareholders an $8.30 per share cash dividend, reported earnings per share of $11, and had 750,000 common shares outstanding at year-end. Calculate the company's dividend yield.

A company's stock is selling for $108.30 per share at year-end. This current year it paid shareholders an $8.30 per share cash dividend, reported earnings per share of $11, and had 750,000 common shares outstanding at year-end. Calculate the company's dividend yield.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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A company's stock is selling for $108.30 per
share at year-end. This current year it paid
shareholders an $8.30 per share cash
dividend, reported earnings per share of $11,
and had 750,000 common shares
outstanding at year-end.
Calculate the company's dividend yield.

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Calculate the company's dividend yield on these financial accounting question please answer